Repsol: stock up after Q1 results

(CercleFinance.com) - The Repsol share is up 1.
6% in Madrid today, after the Spanish oil and gas group published Q1 net income that is flat at 608 million euros.
Adjusted income rose 6% to 618 million euros.

Repsol points out that it has achieved these results despite a lower oil price (-6% y-o-y for Brent) and production that was interrupted in Libya up until 4 March, which the group said demonstrates its ability to adapt and create value in all circumstances.

At its AGM on 31 May, its board of directors will propose a gross remuneration of 0.525 euro per share, bringing the total proposed remuneration for the year to 0.95 euro per share, up 5.6%.


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